The Economic Times

IBC helps 1.4 lakh homebuyers move closer to possession as developers revive stalled projects

India's insolvency framework has helped more than 1.4 lakh homebuyers receive homes from stalled projects. Major developers, like Adani Realty and Lodha, are reviving these projects through the Insolvency and Bankruptcy Code. Despite some successes, about 2.5 lakh homebuyers are still awaiting resolutions in ongoing cases. NCLT has improved confidence among buyers, enabling them to regain possession of their properties.